Board Change • May 20
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 7 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Mike Bless was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • May 05
CNA Financial Corporation Declares Quarterly Cash Dividend, Payable on June 4, 2026 CNA Financial Corporation declared a quarterly cash dividend of $0.48 per share, payable June 4, 2026 to stockholders of record on May 18, 2026. Announcement • Apr 14
CNA Financial Corporation to Report Q1, 2026 Results on May 04, 2026 CNA Financial Corporation announced that they will report Q1, 2026 results Pre-Market on May 04, 2026 Announcement • Jan 20
CNA Financial Corporation to Report Q4, 2025 Results on Feb 09, 2026 CNA Financial Corporation announced that they will report Q4, 2025 results Pre-Market on Feb 09, 2026 Announcement • Oct 14
CNA Financial Corporation to Report Q3, 2025 Results on Nov 03, 2025 CNA Financial Corporation announced that they will report Q3, 2025 results at 9:30 AM, US Eastern Standard Time on Nov 03, 2025 Announcement • Aug 20
CNA Financial Corporation Announces Strategic Leadership Appointments CNA Financial Corporation announced a series of strategic leadership appointments designed to enhance underwriting capabilities across key business segments. David Haas has been appointed President Global Specialty, where he will oversee Financial Lines, Healthcare, Affinity and Warranty. A seasoned executive at CNA, Haas brings broad leadership capabilities and a strong market presence to this position. His proven ability to lead high-performing teams and drive growth and profitability across complex portfolios makes him ideally suited for this role. Michael Nardiello has been appointed to President Global Property & Casualty. In this expanded role, he will continue to lead Property and Marine globally in addition to now leading Casualty globally. Nardiello's leadership has consistently delivered profitable growth and strengthened underwriting performance. He brings underwriting discipline, technical expertise and a deep understanding of global products that meet broker and insured needs. Song Kim has been appointed President Global Commercial Industry Segments, expanding his responsibilities to include Construction alongside Middle Market and Small Business. With the addition of Construction, Kim now leads all global commercial industries. His strategic leadership and track record of driving profitable growth across industry-focused segments will continue to strengthen specialization and enhance support for the market. These appointments are a testament to the exceptional depth of talent and expertise across CNA. Announcement • Aug 04
CNA Financial Corporation Declares Quarterly Dividend, Payable on September 4, 2025 CNA Financial Corporation declared a quarterly dividend of $0.46 per share, payable September 4, 2025 to stockholders of record on August 18, 2025. Announcement • Jul 15
CNA Financial Corporation to Report Q2, 2025 Results on Aug 04, 2025 CNA Financial Corporation announced that they will report Q2, 2025 results Pre-Market on Aug 04, 2025 Announcement • Jul 08
CNA Financial Corporation Announces Separation of Susan A. Stone, Executive Vice President and General Counsel, Effective No Later Than July 31, 2025 CNA Financial Corporation announced the separation of Susan A. Stone, Executive Vice President and General Counsel, effective no later than July 31, 2025. On July 3, 2025, the company entered into a General Release and Separation Agreement with Ms. Stone. In exchange for the consideration, Ms. Stone has agreed to standard releases and other provisions, including agreements not to interfere with any business relationship between the company and any other person or entity for a period of 12 months, and a covenant to cooperate with the company regarding ongoing litigation and other matters, as well as restrictions on solicitation of employees of the company, also for a period of 12 months following the separation effective date. Announcement • May 06
CNA Financial Corporation Declares Quarterly Dividend, Payable on June 5, 2025 CNA Financial Corporation declared a quarterly dividend of $0.46 per share, payable June 5, 2025 to stockholders of record on May 19, 2025. Announcement • Apr 15
CNA Financial Corporation to Report Q1, 2025 Results on May 05, 2025 CNA Financial Corporation announced that they will report Q1, 2025 results at 9:30 AM, US Eastern Standard Time on May 05, 2025 Announcement • Mar 24
CNA Financial Corporation, Annual General Meeting, Apr 30, 2025 CNA Financial Corporation, Annual General Meeting, Apr 30, 2025. Location: 151 n. franklin street, 7th floor navy pier 3 room, illinois, chicago, United States Announcement • Jan 21
CNA Financial Corporation to Report Q4, 2024 Results on Feb 10, 2025 CNA Financial Corporation announced that they will report Q4, 2024 results Pre-Market on Feb 10, 2025 Recent Insider Transactions • Nov 13
Insider recently sold €1.0m worth of stock On the 7th of November, Douglas Worman sold around 23k shares on-market at roughly €45.20 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.2m. Insiders have been net sellers, collectively disposing of €5.5m more than they bought in the last 12 months. Declared Dividend • Nov 06
Third quarter dividend of US$0.44 announced Shareholders will receive a dividend of US$0.44. Ex-date: 18th November 2024 Payment date: 5th December 2024 Dividend yield will be 7.7%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (44% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 27% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 05
Third quarter 2024 earnings released: EPS: US$1.04 (vs US$0.95 in 3Q 2023) Third quarter 2024 results: EPS: US$1.04 (up from US$0.95 in 3Q 2023). Revenue: US$3.62b (up 8.5% from 3Q 2023). Net income: US$283.0m (up 9.7% from 3Q 2023). Profit margin: 7.8% (up from 7.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 3% per year. Announcement • Oct 15
CNA Financial Corporation to Report Q3, 2024 Results on Nov 04, 2024 CNA Financial Corporation announced that they will report Q3, 2024 results Pre-Market on Nov 04, 2024 Recent Insider Transactions • Sep 18
Insider recently sold €843k worth of stock On the 16th of September, Mark James sold around 19k shares on-market at roughly €45.47 per share. This transaction amounted to 45% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.2m. Insiders have been net sellers, collectively disposing of €4.8m more than they bought in the last 12 months. Recent Insider Transactions • Aug 22
Insider recently sold €1.2m worth of stock On the 20th of August, Elizabeth Aguinaga sold around 26k shares on-market at roughly €44.67 per share. This transaction amounted to 35% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €4.0m more than they bought in the last 12 months. Declared Dividend • Jul 31
Second quarter dividend of US$0.44 announced Shareholders will receive a dividend of US$0.44. Ex-date: 12th August 2024 Payment date: 29th August 2024 Dividend yield will be 7.7%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 4.2% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 30
Second quarter 2024 earnings released: EPS: US$1.17 (vs US$1.04 in 2Q 2023) Second quarter 2024 results: EPS: US$1.17 (up from US$1.04 in 2Q 2023). Revenue: US$3.52b (up 6.5% from 2Q 2023). Net income: US$317.0m (up 12% from 2Q 2023). Profit margin: 9.0% (up from 8.6% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 6.1% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Jul 10
CNA Financial Corporation to Report Q2, 2024 Results on Jul 29, 2024 CNA Financial Corporation announced that they will report Q2, 2024 results Pre-Market on Jul 29, 2024 Recent Insider Transactions • May 09
Insider recently sold €971k worth of stock On the 8th of May, Daniel Franzetti sold around 23k shares on-market at roughly €41.67 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.3m more than they bought in the last 12 months. Declared Dividend • May 08
First quarter dividend of US$0.44 announced Shareholders will receive a dividend of US$0.44. Ex-date: 17th May 2024 Payment date: 6th June 2024 Dividend yield will be 8.4%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 5.6% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 06
First quarter 2024 earnings released: EPS: US$1.24 (vs US$1.10 in 1Q 2023) First quarter 2024 results: EPS: US$1.24 (up from US$1.10 in 1Q 2023). Revenue: US$3.44b (up 9.3% from 1Q 2023). Net income: US$338.0m (up 14% from 1Q 2023). Profit margin: 9.8% (in line with 1Q 2023). Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 1% per year. Announcement • Apr 17
CNA Financial Corporation to Report Q1, 2024 Results on May 06, 2024 CNA Financial Corporation announced that they will report Q1, 2024 results on May 06, 2024 Announcement • Mar 23
CNA Financial Corporation, Annual General Meeting, May 01, 2024 CNA Financial Corporation, Annual General Meeting, May 01, 2024, at 07:30 Central Standard Time. Location: 151 N. Franklin Street, 7th Floor Navy Pier 3 Room Chicago Illinois United States Agenda: To consider election to the Board of Directors of the ten nominees named in the proxy statement; to approve named executive officer compensation; to consider approval of an amendment to CNA's certificate of incorporation to update the exculpation provision; to consider ratification of the appointment of Deloitte & Touche LLP as independent registered public accountants for CNA for 2024; and to consider any other matters. Upcoming Dividend • Feb 09
Upcoming dividend of US$2.44 per share at 8.3% yield Eligible shareholders must have bought the stock before 16 February 2024. Payment date: 07 March 2024. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 8.3%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (3.8%). Declared Dividend • Feb 07
Fourth quarter dividend of US$2.44 announced Shareholders will receive a dividend of US$2.44. Ex-date: 16th February 2024 Payment date: 7th March 2024 Dividend yield will be 8.4%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 16% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 05
Full year 2023 earnings released: EPS: US$4.44 (vs US$3.29 in FY 2022) Full year 2023 results: EPS: US$4.44 (up from US$3.29 in FY 2022). Revenue: US$13.3b (up 12% from FY 2022). Net income: US$1.21b (up 35% from FY 2022). Profit margin: 9.1% (up from 7.5% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 5% per year. Announcement • Jan 17
CNA Financial Corporation to Report Q4, 2023 Results on Feb 05, 2024 CNA Financial Corporation announced that they will report Q4, 2023 results Pre-Market on Feb 05, 2024 Recent Insider Transactions • Nov 21
Insider recently sold €987k worth of stock On the 17th of November, Douglas Worman sold around 27k shares on-market at roughly €36.82 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.3m more than they bought in the last 12 months. Upcoming Dividend • Nov 03
Upcoming dividend of US$0.42 per share at 7.1% yield Eligible shareholders must have bought the stock before 10 November 2023. Payment date: 30 November 2023. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 7.1%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (4.0%). Announcement • Oct 31
CNA Financial Corporation Declares Quarterly Dividend, Payable November 30, 2023 CNA Financial Corporation declared a quarterly dividend of $0.42 per share, payable November 30, 2023 to stockholders of record on November 13, 2023. Reported Earnings • Oct 31
Third quarter 2023 earnings released: EPS: US$0.95 (vs US$0.47 in 3Q 2022) Third quarter 2023 results: EPS: US$0.95 (up from US$0.47 in 3Q 2022). Revenue: US$3.34b (up 13% from 3Q 2022). Net income: US$258.0m (up 102% from 3Q 2022). Profit margin: 7.7% (up from 4.3% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 11
CNA Financial Corporation to Report Q3, 2023 Results on Oct 30, 2023 CNA Financial Corporation announced that they will report Q3, 2023 results at 8:00 AM, Central Standard Time on Oct 30, 2023 Buying Opportunity • Aug 07
Now 21% undervalued Over the last 90 days, the stock is up 4.4%. The fair value is estimated to be €48.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has grown by 9.9%. Revenue is forecast to grow by 8.9% in a year. Earnings is forecast to grow by 23% in the next year. Upcoming Dividend • Aug 04
Upcoming dividend of US$0.42 per share at 6.7% yield Eligible shareholders must have bought the stock before 11 August 2023. Payment date: 31 August 2023. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 6.7%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.4%). Announcement • Aug 01
CNA Financial Corporation Declares Quarterly Dividend, Payable on August 31, 2023 CNA Financial Corporation declared a quarterly dividend of $0.42 per share, payable August 31, 2023 to stockholders of record on August 14, 2023. Reported Earnings • Jul 31
Second quarter 2023 earnings released: EPS: US$1.05 (vs US$0.76 in 2Q 2022) Second quarter 2023 results: EPS: US$1.05 (up from US$0.76 in 2Q 2022). Revenue: US$3.30b (up 13% from 2Q 2022). Net income: US$283.0m (up 38% from 2Q 2022). Profit margin: 8.6% (up from 7.0% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 9% per year. Announcement • Jul 12
CNA Financial Corporation to Report Q2, 2023 Results on Jul 31, 2023 CNA Financial Corporation announced that they will report Q2, 2023 results Pre-Market on Jul 31, 2023 Buying Opportunity • Jun 30
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 1.3%. The fair value is estimated to be €44.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 8.6% in a year. Earnings is forecast to grow by 34% in the next year. Announcement • Jun 16
CNA Financial Corporation Appoints Dan Franzetti as Chief Administrative Officer CNA Financial Corporation announced the appointment of Dan Franzetti to a newly created position of Chief Administrative Officer, reporting to Dino Robusto. In this role, Franzetti will have oversight for a broad set of enterprise strategic functions including the global claims and legal organizations, compliance, government relations and a number of corporate services functions. Franzetti joined CNA as Global Head of Claims in April 2020 after three decades of broad expertise in global claims in the P&C industry. He served as the Chief Operating Officer and Chief Claims Officer for QBE North America prior to CNA, which was preceded by a 20-year career with Zurich. Franzetti earned his Bachelors of Arts degree from Colgate University, a Masters of Business Administration from Rutgers University-Newark, and a J.D. from New York Law School. Buying Opportunity • Jun 13
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €45.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 8.6% in a year. Earnings is forecast to grow by 35% in the next year. Buying Opportunity • May 17
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be €45.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 8.6% in a year. Earnings is forecast to grow by 35% in the next year. Upcoming Dividend • May 05
Upcoming dividend of US$0.42 per share at 7.3% yield Eligible shareholders must have bought the stock before 12 May 2023. Payment date: 01 June 2023. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 7.3%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.3%). Reported Earnings • May 02
First quarter 2023 earnings released: EPS: US$1.10 (vs US$1.15 in 1Q 2022) First quarter 2023 results: EPS: US$1.10 (down from US$1.15 in 1Q 2022). Revenue: US$3.12b (up 8.3% from 1Q 2022). Net income: US$297.0m (down 5.1% from 1Q 2022). Profit margin: 9.5% (down from 11% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.1% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Feb 18
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €49.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.0% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 14% in 2 years. Earnings is forecast to grow by 49% in the next 2 years. Upcoming Dividend • Feb 10
Upcoming dividend of US$1.62 per share at 6.5% yield Eligible shareholders must have bought the stock before 17 February 2023. Payment date: 09 March 2023. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 6.5%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (4.1%). Reported Earnings • Feb 07
Full year 2022 earnings released: EPS: US$3.30 (vs US$4.42 in FY 2021) Full year 2022 results: EPS: US$3.30 (down from US$4.42 in FY 2021). Revenue: US$11.9b (flat on FY 2021). Net income: US$894.0m (down 26% from FY 2021). Profit margin: 7.5% (down from 10% in FY 2021). Revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Jan 25
CNA Financial Corporation to Report Q4, 2022 Results on Feb 06, 2023 CNA Financial Corporation announced that they will report Q4, 2022 results at 9:30 AM, US Eastern Standard Time on Feb 06, 2023 Buying Opportunity • Dec 15
Now 20% undervalued Over the last 90 days, the stock is up 1.7%. The fair value is estimated to be €48.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 6.2% in a year. Earnings is forecast to grow by 24% in the next year. Announcement • Dec 06
CNA Appoints Steve Goldman to Senior Vice President, Financial Lines and Healthcare CNA announced the appointment of Steve Goldman to Senior Vice President, Financial Lines and Healthcare. In this role, Steve will guide the strategic and operational plans across these product lines. Steve brings to CNA more than 20 years of insurance experience, serving in various leadership positions at AIG, ACE and Chubb. He holds a Bachelor's in Economics degree from The Wharton School at the University of Pennsylvania, and obtained his J.D. from the New York University School of Law. Recent Insider Transactions • Nov 22
Insider recently sold €852k worth of stock On the 18th of November, Douglas Worman sold around 21k shares on-market at roughly €40.49 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.1m more than they bought in the last 12 months. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 4 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Mike Bless was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Nov 07
Upcoming dividend of US$0.40 per share Eligible shareholders must have bought the stock before 14 November 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 8.5%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (4.8%). Reported Earnings • Nov 01
Third quarter 2022 earnings released: EPS: US$0.47 (vs US$0.94 in 3Q 2021) Third quarter 2022 results: EPS: US$0.47 (down from US$0.94 in 3Q 2021). Revenue: US$2.96b (flat on 3Q 2021). Net income: US$128.0m (down 50% from 3Q 2021). Profit margin: 4.3% (down from 8.7% in 3Q 2021). Revenue is expected to decline by 9.7% p.a. on average during the next 2 years, while revenues in the Insurance industry in Germany are expected to grow by 4.1%. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Nov 01
CNA Financial Corporation Declares Regular Quarterly Cash Dividend, Payable on December 1, 2022 CNA Financial Corporation declares regular quarterly cash dividend of $0.40 per share, payable December 1, 2022 to stockholders of record on November 15, 2022. Announcement • Oct 19
CNA Financial Corporation to Report Q3, 2022 Results on Oct 31, 2022 CNA Financial Corporation announced that they will report Q3, 2022 results Pre-Market on Oct 31, 2022 Upcoming Dividend • Aug 05
Upcoming dividend of US$0.40 per share Eligible shareholders must have bought the stock before 12 August 2022. Payment date: 01 September 2022. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 9.1%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (5.2%). Reported Earnings • Aug 02
Second quarter 2022 earnings released: EPS: US$0.76 (vs US$1.35 in 2Q 2021) Second quarter 2022 results: EPS: US$0.76 (down from US$1.35 in 2Q 2021). Revenue: US$2.93b (down 3.4% from 2Q 2021). Net income: US$205.0m (down 44% from 2Q 2021). Profit margin: 7.0% (down from 12% in 2Q 2021). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Aug 02
CNA Financial Corporation Declares Quarterly Dividend, Payable on September 1, 2022 CNA Financial Corporation announced that it has declared a quarterly dividend of $0.40 per share, payable September 1, 2022 to stockholders of record on August 15, 2022. Announcement • Jul 20
CNA Financial Corporation to Report Q2, 2022 Results on Aug 01, 2022 CNA Financial Corporation announced that they will report Q2, 2022 results at 9:30 AM, US Eastern Standard Time on Aug 01, 2022 Recent Insider Transactions • May 26
Insider recently sold €396k worth of stock On the 24th of May, Daniel Franzetti sold around 9k shares on-market at roughly €41.74 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €861k more than they bought in the last 12 months. Recent Insider Transactions • May 12
Independent Director recently bought €105k worth of stock On the 10th of May, Michael Bless bought around 3k shares on-market at roughly €41.94 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €465k more in shares than they bought in the last 12 months. Reported Earnings • May 03
First quarter 2022 earnings released: EPS: US$1.15 (vs US$1.15 in 1Q 2021) First quarter 2022 results: EPS: US$1.15 (up from US$1.15 in 1Q 2021). Revenue: US$2.89b (flat on 1Q 2021). Net income: US$313.0m (flat on 1Q 2021). Profit margin: 11% (in line with 1Q 2021). Over the next year, revenue is expected to shrink by 13% compared to a 20% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 4 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Mike Bless was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 20
CNA Financial Corporation to Report Q1, 2022 Results on May 02, 2022 CNA Financial Corporation announced that they will report Q1, 2022 results Pre-Market on May 02, 2022 Announcement • Apr 10
CNA Financial Enters into General Release and Separation Agreement with Kevin Leidwinger, President & Chief Operating Officer In connection with the retirement of Kevin Leidwinger, President & Chief Operating Officer of the Commercial Lines of CNA Financial Corporation, effective April 30, 2022, Mr. Leidwinger and the CNA Financial Corporation entered into a General Release and Separation Agreement (the Agreement"), dated as of April 4, 2022. Upcoming Dividend • Feb 11
Upcoming dividend of US$2.40 per share Eligible shareholders must have bought the stock before 18 February 2022. Payment date: 10 March 2022. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 7.6%. Within top quartile of German dividend payers (3.4%). Higher than average of industry peers (3.8%). Reported Earnings • Feb 08
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$4.42 (up from US$2.54 in FY 2020). Revenue: US$11.9b (up 10% from FY 2020). Net income: US$1.20b (up 74% from FY 2020). Profit margin: 10% (up from 6.4% in FY 2020). The increase in margin was driven by higher revenue. Combined ratio: 96.2% (down from 106.9% in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 05
Upcoming dividend of US$0.38 per share Eligible shareholders must have bought the stock before 12 November 2021. Payment date: 02 December 2021. Trailing yield: 5.0%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (4.2%). Recent Insider Transactions • Nov 04
Insider recently sold €436k worth of stock On the 2nd of November, Elizabeth Aguinaga sold around 11k shares on-market at roughly €40.02 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.3m more than they bought in the last 12 months. Reported Earnings • Nov 03
Third quarter 2021 earnings released: EPS US$0.94 (vs US$0.78 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$2.96b (up 4.9% from 3Q 2020). Net income: US$256.0m (up 20% from 3Q 2020). Profit margin: 8.7% (up from 7.6% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Executive Departure • Sep 04
Executive VP & CFO Albert Miralles has left the company During their tenure, earnings grew by 84% annually compared to the industry average of 15%. On the 3rd of September, Albert Miralles left the company after 1.5 in the role. As of June 2021, Albert still personally held 83.34k shares (€3.2m worth at the time). Albert is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.79 years. Reported Earnings • Aug 03
Second quarter 2021 earnings released: EPS US$1.35 (vs US$0.56 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$3.03b (up 9.5% from 2Q 2020). Net income: US$368.0m (up 144% from 2Q 2020). Profit margin: 12% (up from 5.5% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 3% per year. Announcement • Jun 28
CNA Financial Corporation(NYSE:CNA) dropped from Russell 1000 Dynamic Index CNA Financial Corporation(NYSE:CNA) dropped from Russell 1000 Dynamic Index Recent Insider Transactions • Jun 22
Insider recently sold €91k worth of stock On the 16th of June, Elizabeth Aguinaga sold around 2k shares on-market at roughly €39.36 per share. In the last 3 months, there was an even bigger sale from another insider worth €375k. Insiders have been net sellers, collectively disposing of €821k more than they bought in the last 12 months. Recent Insider Transactions • May 11
Insider recently sold €375k worth of stock On the 7th of May, Daniel Franzetti sold around 9k shares on-market at roughly €39.58 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €730k more than they bought in the last 12 months. Upcoming Dividend • May 07
Upcoming dividend of US$0.38 per share Eligible shareholders must have bought the stock before 14 May 2021. Payment date: 03 June 2021. Trailing yield: 4.7%. Within top quartile of German dividend payers (3.1%). Higher than average of industry peers (4.1%). Reported Earnings • May 04
First quarter 2021 earnings released: EPS US$1.15 (vs US$0.23 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$2.87b (up 25% from 1Q 2020). Net income: US$312.0m (up US$373.0m from 1Q 2020). Profit margin: 11% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • May 04
CNA Financial Corporation Declares Quarterly Dividend, Payable on June 3, 2021 CNA Financial Corporation declared a quarterly dividend of $0.38 per share, payable on June 3, 2021 to stockholders of record on May 17, 2021. Announcement • Mar 20
CNA Financial Corporation, Annual General Meeting, Apr 28, 2021 CNA Financial Corporation, Annual General Meeting, Apr 28, 2021, at 07:30 Central Daylight. Agenda: To approve election to the board of directors of the ten nominees; to approve named executive officer compensation; to approve the appointment of Deloitte & Touche LLP as independent registered public accountants for the company for 2021; and to transact any other business as may properly come before the meeting. Recent Insider Transactions • Mar 13
Insider recently sold €354k worth of stock On the 11th of March, Douglas Worman sold around 9k shares on-market at roughly €38.10 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. 
